First State Investments is to launch a Latin America fund, targeting UK and European wholesale and institutional investors. It will be managed by Jonathan Asante and Millar Mathieson with Alan Nesbit as deputy fund manager.
For years, many people considered the payment of the state pension as an insignificant bonus, a small addition to a decent pension from an employer’s occupational pension scheme or a top-up to a personal pension for the self-employed. For low-earners, however, many of whom have not been in pensionable employment, the state pension has often been their sole income, their financial lifeline in retirement.
Former RBS chairman Sir Tom McKillop has denied Government claims that there was an ‘elaborate ruse’ between him and RBS senior independent director Bob Scott to pay former CEO Sir Fred Goodwin more than he was contractually entitled to.
By Rob Burnett, Neptune European Opportunities Fund
In recent months, investors have become more pessimistic about both the European and the US economic outlook and yet stockmarkets have pushed on to new highs. Some would argue that this is a worrying divergence. We would take the opposite view. This appears to be classic bull market behaviour. A wall of worry has been rebuilt, and stockmarket resilience should be taken as a sign of strength. The market is discounting an improving economic outlook ahead, particularly in the south of Europe.
Former home secretary Amber Rudd is set to return to the cabinet as work and pensions secretary, according to reports. The appointment follows the departure of Esther McVey yesterday over her refusal to back the government’s draft Brexit deal. According to reports, Rudd, a remainer, was offered the job after environment secretary Michael Gove spent […]
The FCA has written to all former clients of Avacade Limited, an unregulated pension introducer, to inform them about its legal action against the firm and its directors. In November 2017 the FCA said it would start civil proceedings against Avacade Limited, now in liquidation, and its three directors Craig Lummis, Lee Lummis and Raymond […]
As new disclosure rules bring the full extent of protection commissions into the spotlight, experts are asking if this will see clients ditch their advisers in favour of execution-only services. Under the Insurance Distribution Directive, from 1 October advisers have had to provide clients with information before a product sale about any commission received, which […]